Bank Charges Functionality For Getting Demand Draft Or Pay Order From Bank (Doc ID 467974.1)

Last updated on JANUARY 10, 2017

Applies to:

Oracle HRMS (India) - Version 11.5.10.2 and later
Information in this document applies to any platform.

Goal

Scenario:

The client requirement is to deposit a 'Demand Draft' against the statutory deductions

  • Provident Fund, LIC
  • Income Tax
  • ESI
  • etc


In India Payroll, there is a functionality to get the 'Demand Draft / Pay Order' from the bank by running the "Bank or Post Office Payment" process within India Localization.

The bank charges commission for the issue ofthe 'Demand Draft / Pay Order'.

 

 

How will the system calculate the charges and update the Bank Book for Reconcilation through Cash Management?

 

Solution

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